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Shiba Inu (SHIB), the dog-themed meme coin, has witnessed a massive transaction surge in the last 24 hours. Over 2.8 trillion SHIB tokens have been transacted on the leading cryptocurrency exchange, Binance.
Shiba Inu's price has been repeatedly rejected at significant resistance levels, which has caused it to struggle with upward momentum. The asset is stuck in a difficult range that indicates persistently negative market sentiment despite efforts to regain its bullish footing.
The launch of TREAT, a new token in the shiba inu ecosystem has sparked excitement, but with a spicy touch of controversy. While some community members celebrate the new launch, others worry about the project's focus shift from BONE.
According to the data revealed by Shibburn, over the past day, the burn rate of the prominent meme coin Shiba Inu has demonstrated a massive crash. However, the coin's price reacted unexpectedly.
Shiba Inu's (SHIB) burn rate spikes as the TREAT token launches, signaling a strategic ecosystem expansion and heightened market attention.
De huidige stagnatie van de Shiba Inu koers heeft tot zorgen geleid binnen de SHIB community. Het kritieke ondersteuningsniveau bij de $0,00002093 lijkt stand te houden, maar voor hoe lang?
Shiba Inu (SHIB), coin that captured the hearts of millions, has recently shown signs of recovery after a tense period where its price hovered dangerously close to a critical support level. In the face of market volatility, SHIB managed to regain momentum and break above the 200 Exponential Moving Average (EMA), a key technical level that traders often use to gauge market trends.
Cryptocurrencies crawled back on Tuesday as Bitcoin climbed from $88,000 to almost $97,000 ahead of the US inflation report. Pepe coin price also rose, as one crypto analyst predicted more gains that could see it flip Shiba Inu to become the second-biggest meme coin.
With its price falling below the crucial 200 EMA, Shiba Inu has had a wild ride lately. Traders were alerted by this move because it implied a possible move into bearish territory.
Traders must be cautious - The CMF showed that capital flows were slightly negative.
Shiba Inu (SHIB) has been consolidating above the critical support level of $0.00002093, struggling to break out and post rallies.
Meme coins have faced intense volatility in the last two weeks. Data from CoinMarketCap shows that the total meme coin market capitalization has fallen below $100 billion, with most of these coins registering double-digit percentage losses in just one week.
Shiba Inu debuts its reward token TREAT on three major exchanges amid a dramatic 2,229% surge in SHIB burn rate, signaling potential market implications.
Peanut The Squirrel (CRYPTO: PNUT) has rebounded with a 22% single-day surge but remains down 47% on the month, with traders questioning its near-term potential. Cryptocurrency Price Market Cap 24-Hour Trend 24-Hour Trading Volume Peanut The Squirrel (CRYPTO: PNUT) $0.6217 $621.6 million +24.8% $572.8 million Shiba Inu (CRYPTO: SHIB) $0.3519 $51.8 billion +8.1% $371.9 million Dogecoin (CRYPTO: DOGE) $0.00002138 $12.6 billion +4.9% $3.2 billion Pepe (CRYPTO: PEPE) $0.00001724 $7.3 billion +5.3% $874.01 million Trader Notes: Crypto Bull expressed confidence in PNUT, predicting it's time for the meme coin to reach $1 following its Coinbase listing.
The crypto market trades downward amid rising selling pressure and underwhelming price actions. Like the rest of the market, Cardano (ADA) and Shiba Inu (SHIB) are in bearish zones, sparking concerns. However, IntelMarkets (INTL), a new AI crypto, is on a bullish course.
The price of popular meme-inspired cryptocurrency Shiba Inu (SHIB) may be on the verge of stunning price action in the coming weeks. In particular, as the Bollinger Bands indicate on the weekly price chart of SHIB, the price of the asset found support at a median level, despite a painful sell-off yesterday.
Most of the coins are back in the green zone today, according to CoinStats.
Dog-themed meme coin Shiba Inu (SHIB), has seen its Open Interest soar amid the ongoing rebound on the cryptocurrency market. According to CoinGlass data, 18.64 trillion SHIB worth $399.79 million in outstanding derivatives contracts were opened in the last 24 hours.
As became known thanks to data from IntoTheBlock, the amount of Shiba Inu (SHIB) tokens outflowing from the wallets of large holders in the past 24 hours skyrocketed by a staggering 475%.
Shiba Inu burn rate has surged significantly in the last 24 hours. Over 21 million SHIB tokens have been burned in the last 24 hours, bringing down the circulating supply to create scarcity and mark upticks in price.
Dogecoin (CRYPTO: DOGE) and Shiba Inu (CRYPTO: SHIB) are gaining momentum, trading significantly up on Tuesday morning. Cryptocurrency Price Market Cap 24-Hour Trend 7-Day Trend Dogecoin (CRYPTO: DOGE) $0.3475 $51.3 billion +9.7% -10.1% Shiba Inu (CRYPTO: SHIB) $0.00002133 $12.6 billion +6% -10.1% Pepe (CRYPTO: PEPE) $0.00001721 $7.2 billion +6.6% -15.4% Trader Notes: Crypto trader Kevin highlighted that Dogecoin's price action remains strong as long as it holds above $0.26 within its bullish falling channel.
Shiba Inu (SHIB) currently trades at $0.00002148, reflecting a 5.07% rise in the past 24 hours, lifting its market capitalization to $12.65 billion.
Public burn tracker Shibburn has revealed that another large SHIB stash has been transferred to a “virtual furnace” over the past day. The burn rate, respectively, has shown a four-digit rise.
Shiba Inu price remains steady this week, reflecting the broader crypto market trend. The SHIB is trading above $0.00002, exhibiting sideways movement.
